The global vacation rental market is expected to grow by USD 62.97 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period.
The latest research compiled by the World Travel & Tourism Council (WTTC), reveals that more than two million jobs could be created if international travel reopens before the busy summer period.
While domestic tourism has found a boost from the vacation segment, the story of the recovery of international travel is beginning to be written with vaxication.
The World Travel & Tourism Council (WTTC) has revealed the U.S. travel and tourism sector suffered a significant loss of $766 billion in 2020.
TUI Group has revealed plans to raise at least €350 million in fresh funding as the company seeks to find out whether the ongoing impact from the Covid-19 pandemic.
The study released today analyzes 241 travel and tourism industry brands -- including leading airlines, hotels, timeshares, and theme parks, among others.